2023-10-20 00:00:00 Alang Ship Breaking Yard is world's largest ship breaking yard with total wealth of US$110.6 billion (including total assets since established) it is located at Alang, Bhavnagar, Gujarat, India. Alang Ship Breaking Yard has a total of 183 plots or ship breaking yards. It has total capacity of 4.5 million Light Displacement Tonnage (LDT or weight of a vessel without fuel, cargo, etc). The shipyards at Alang recycle approximately half of all ships salvaged around the world. The governments of Japan and Gujarat have signed a Memorandum of Understanding, which focuses on technology transfer and financial assistance from Japan to assist in the upgrading of operations at Alang Ship Breaking Yard to meet international standards. This is a part of the Delhi Mumbai Industrial Corridor, a larger partnership between the Japanese and Gujarat government. Under this plan, Japan will address the environmental implications of ship breaking in Alang Ship Breaking Yard, and will develop a marketing strategy. The project is to be carried out as a public-private partnership. The project's aim is to make this shipyard the largest International Maritime Organization-compliant ship recycling yard in the world.